The Traderszone Network

The death of Singapore’s founding father may have spurred an unusual side effect: the nation’s consumers feel more confident.

See-saw action for the dollar, whose fortunes hung on the Nikkei this morning in Asia.
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The Shanghai stock market is now the global leader, surpassing Wall Street, writes Matthew Lynn.
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The European Central Bank will continue to fund Greek banks as long as they stay solvent and have enough collateral, Executive Board Member Benoit Coeure told a newspaper on Wednesday, dismissing talk that Athens might ditch the euro. Worries over the standoff between the leftist-led government in Athens and its creditors – the euro zone and the International Monetary Fund – over reforms needed to unlock bailout funds has sparked uncertainty and deposit flight from Greek banks.

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Rolls-Royce Holdings (RR.L), the world’s second largest maker of aero engines, said Chief Executive John Rishton would retire in July, and be succeeded by Warren East, the former leader of Britain’s biggest listed technology company ARM (ARM.L). East, who has been a non-executive director of Rolls-Royce since January 2014, was chief executive of ARM between 2001 and 2013, and oversaw the growth of the Cambridge-based firm into a leading developer of chips for companies like Apple (AAPL.O).

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Roche, the world’s biggest maker of cancer drugs, reported a 3 percent rise in sales in the first quarter on Wednesday.

A perception in financial markets that Greece exiting the euro zone would have limited knock-on effects is misguided, some analysts say.